This property was purchased in January 2021 for $80,000 and the rehab was $10,400 This property has had only 1 tenant. Let's go over the Approx numbers It was rented for $1100 Let's the money deposited after all repairs were deducted. It was leased at April 2021 2021 money deposited in owners accounts $ 6,607 2022 money deposited in owners accounts $ 8,645 The rent was raised in 2023 to $1250 a month Let's look at those deposits 2023 money deposited in owners accounts $ 8,505 2024 money deposited in owners accounts $ 4,172 Total $27,929 The Approx value of this home is $160,000 The total Investment and rehab is $90,400 Approx Equity $69,400 + Deposited Money $27,929 = $97,329 Better Real Estate Exceptional results Call me (Brett) 216-703-5740 Key Realty and Property Management https://realincomeproperties.blogspot.com/
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